SME support to evaluate innovative medical technologies

Key features: This competition is aimed at SMEs that have developed and manufactured innovative healthtech, including medical devices, diagnostics and regulated digital healthcare products.

Programme: SMEs can apply for a share of £1.5 million to support the evaluation of innovative medical devices, diagnostics and regulated digital health products.

Award: £1.5 million.

Opens: 26 November 2018

Registration closes: No deadline

Closes: 30 January 2019

Support phone number: 0114 236 4457

This competition is aimed at SMEs that have developed and manufactured innovative healthtech, including medical devices, diagnostics and regulated digital healthcare products.
 
SMEs can apply for a share of £1.5 million to support the evaluation of innovative medical devices, diagnostics and regulated digital health products.
 
This competition aims to provide support for small and medium-sized enterprises (SMEs). We are looking for an evidence base that can evaluate CE-marked products that address NHS priorities. Our support will allow companies to collect and analyse clinical performance and cost effectiveness data in an NHS setting.
 
Funding
 
The Office for Life Sciences (OLS) is partnering with Innovate UK, as part of UK Research and Innovation, to invest up to £1.5 million.
 
You can apply for funding of up to 50% of your eligible project costs.
 
Option 1: project costs of up to £50,000
For support to develop detailed and feasible plans for the collection of relevant data in a clinical setting. It is expected this will involve discussion with appropriate stakeholders such as the National Institute for Health Research (NIHR) and National Institute for Health and Care Excellence (NICE).
 
Option 2: project costs of up to £250,000
SMEs can apply for support to collect and analyse real world data that helps evaluate the impact of a product. Plans must have been developed in discussion with appropriate stakeholders
 
Scope
 
SMEs are encouraged to get involved in the development and manufacture of innovative medical devices, diagnostics and regulated digital healthcare products. This competition is to collect supporting clinical evidence on the performance and impact of their product in the NHS.
Your proposal must:
  • describe the innovative medicine or CE-marked device
  • show how your product is likely to have a significant impact, including increasing patient access to innovative technologies where appropriate
  • include any up to date evidence of the product’s clinical performance and cost effectiveness
  • demonstrate how the product meets the priority needs defined in Next steps on the NHS 5 Year Forward View, and how it is expected to deliver significant cost savings, health gains or beneficial service impacts if quickly adopted across NHS England
  • provide evidence that you are working with appropriate stakeholders including NICE, NHS England, NIHR and AHSNs
  • include the development or implementation of plans for data collection within the NHS
  • outline how studies will generate data on the costs and benefits of a product, allowing evaluation by NICE
Priority will be given to projects that:
  • reduce cancellations or unnecessary appointments in primary and secondary care
  • reduce the burden on A&E services, for example by diverting footfall
  • improve patient safety and avoid patient harm
  • speed up diagnosis, such as improving the scope of lower cost diagnostic imaging
  • enable earlier diagnosis of cancer
  • support the management of long term conditions, such as diabetes, chronic pain management cardiovascular disease, asthma and chronic obstructive pulmonary disease (COPD)
Out of Scope
 
Innovate UK will not fund projects that involve:
  • CE marked products that have been marketed in the UK for more than 5 years
  • medical devices and diagnostics that do not focus on the specific priority areas for the NHS
  • digital health products not regulated as a medical device
How can we help?
 We have an expert team who specialise in applying for, and securing funding on behalf of businesses. The success criteria for funding is often complex; engaging a specialist team significantly increases your chance of obtaining funding. If you would like to discuss your eligibility, or apply for this funding, contact us at your earliest opportunity.
 
We continually appraise the market to source the most appropriate funding available to meet our clients’ requirements.  There are numerous opportunities currently available, spanning a range of industries and topics. If you would like to explore the funding available, call us today to speak to a member of the team and to find out how your business could benefit.